Hannah Koumakis

And that's when I had to check our accounts or check out like.

little envelopes and go, oh, we don't have enough money for that.

And so it really gave us the ability to feel empowered.

I think that was so liberating.

We're like, wow, I can make decisions on what I want.

But hang on, if I really want that Barbie and it's $100, I have to save for three months for it rather than just nagging mom and dad.

And it also meant that by the time it came to Christmas and we got a pair of socks, for example, we were the most grateful children because we realized that we didn't have to go out and buy that.

I feel like in a way it kind of.

taught us to grow up a little maybe a little bit too early I'm not sure like I personally loved it my sister found it a little bit a little bit more difficult um but I think for me it really made me um like I said it made me so grateful for so many things as well and I really got to understand the value of every single dollar and it made me um

yeah just made me a lot more aware of what was going on as well I was more fascinated economics I was more fascinated what's going on in the world property prices I remember at the age of 11 I was obsessed with looking at properties and seeing the value of properties and I started to understand like okay a Barbie's $50 and the property is $500 you know I started to understand things rather than just looking at it and having no idea or no concept of what these zeros mean I

I think the hard thing is, is one thing we didn't talk about with the pocket money system is, this is quite important actually, is that we didn't just get $140 to spend on anything we wanted.

So at the age of seven, when we got $140 coming in, 50% of that was going towards a house.

So literally at the age of seven, I was being taught that I was saving for a house.

And it kind of instilled within me how hard you do need to save for something.

So not only that, 50% is gone.

So it leaves us down to $70.

Then we had 10% of the 140 had to go to giving.

And I think that was so important at the age of seven.

We learnt the power and the importance of giving.

That's the utmost importance.